Friday was the deadline for TikTok to be sold or shut down in the US, but now it’s Monday and neither has happened. However, the executioner’s axe has been popped back in its case for now: Bloomberg reported that while the outgoing Trump administration has not extended the deadline beyond 4 December, it is not enforcing it while negotiations continue between ByteDance and its potential new partners.
“The deal, which has been in the works for months, is close to being finished, and the administration is eager to complete it before President-elect Joe Biden takes office on Jan. 20,” it claimed.
CNN’s tech reporter Brian Fung also claimed that this is the current status. “US officials are ‘highly motivated’ to complete the talks,” he tweeted. “The lack of a new, specific deadline is indicative of that.”
Music Ally’s next Learn Live webinar will help you understand what’s required for artists to thrive in new international markets!